G-24 seeks greater emerging-economy voice in IMF quota reform

The G-24 developing-country group is seeking changes to IMF quota allocations to give emerging economies greater influence while safeguarding smaller and poorer members, The Reporter reported from Bangkok on October 13, 2026.

Iyabo Masha, director of the group’s secretariat, outlined that position at a press briefing during the IMF–World Bank Annual Meetings, according to the Ethiopian newspaper. She said the distribution of quotas had not kept pace with countries’ economic weight. The group’s demands concern the next, 17th quota review.

The IMF approved a 50 percent quota increase in December 2023 under its 16th review, allocating the increase proportionally rather than redistributing members’ shares. Approval and implementation are separate steps: member consent and other conditions must be met before increases take effect.

Quotas help determine countries’ contributions, voting power and access to IMF financing. The debate therefore concerns both the Fund’s resources and representation within its governance. The Reporter’s account describes a reform position, rather than an agreed change to individual countries’ shares.